Business & Finance
Business and Finance
Business and Finance
Fri, March 18, 2011
Thu, March 17, 2011 D-BOX Technologies Adds Two New Locations with Jogchem';s Theatres in the Netherlands
LONGUEUIL, QC, March 17 /CNW Telbec/ - D-BOX Technologies Inc. (TSXV: DBO.A), a leader in innovative motion technology, announced today a new agreement with Germany-based FTT (the company's first European distributor for its commercial theatre expansion) for two new theatres with Netherlands-based Jogchem's Theatres known in the market as JT Bioscopen.
JT Hoogezand and JT Arnhem will each equip its theatres with respectively 20 and 21 D-BOX MFX Seats. With the introduction of D-BOX at these newest locations, Jogchem's Theatres will have a total of four movie theatres that offer D-BOX's motion experience. In addition to the sale of these systems, this deal will also generate licensing fees payable to D-BOX in accordance with the systems' utilization.
"FTT has been instrumental in executing our growth strategy in Europe," said President and CEO of D-BOX Technologies, Claude Mc Master. "We anticipate continued global expansion given the positive response to our international distribution model and the commitment of progressive exhibitors like Jogchem's Theatres."
"As we continue to introduce D-BOX to European theatre exhibitors, the added value has become more and more evident," stated Chairman of the Board of Management of FTT group, Thomas Rüttgers. "The two new locations with Jogchem's come after the successful launch of D-BOX at its first two theatres in November 2010. It is our expectation that other European theatre brands will follow suit in the coming year."
Additionally, President of Jogchem's Theaters B.V. / JT Bioscopen, Mr. J.M. Punt added, "The deployment of D-BOX at our theatres is complementary to our overall goals of further developing the entertainment experience. With all-digital theatres, advanced 3D systems and now D-BOX, we are proud to be the first supporter of the leading-edge D-BOX motion technology in Europe at this time."
For a complete listing of theatres offering the D-BOX experience and a guide to new movies, visit [ www.d-box.com ]
About Jogchem's Theatres B.V.
Jogchem's Theaters B.V. is officially founded in 1932 by Jan Jogchem. Nowadays Jogchem's Theaters B.V. (known as JT Bioscopen) is owned by Mr. J.M. Punt of Bioscoopexploitatie J.M. Punt Beheer B.V. JT Bioscopen has 14 cinemas in 12 midsize cities throughout The Netherlands with a total of 60 screens and more than 10.000 seats.
About Film Ton Technik (FTT)
FILM-TON-TECHNIK Hannsdieter Rüttgers GmbH (FTT) is based in Düsseldorf. As a cinema service provider with 50 years of experience FTT has already implemented a large number of projects for multiplexes and independent cinemas in Germany and abroad and has got subsidiaries in Austria, Belgium, Czech Republic, Hungary, Poland, Romania and the Netherlands. Apart from project planning as well as selling and installing traditional 35mm technology FTT has been active in the field of digital cinema and electronic advertising for more than 7 years and established itself as a system integrator. More information at [ www.ftt-online.de ]
About D-BOX
D-BOX Technologies designs and manufactures leading edge technology motion systems mainly suited to the needs of the entertainment industry. With its unique, patented technology, D-BOX Motion CodeTM, uses motion effects specifically programmed for each film, TV series or video game, which are sent to a motion generating system integrated within either a platform or a seat. The resulting motion is perfectly synchronized with all onscreen action, creating an unmatched realistic, immersive experience. To date, major Hollywood Studios have D-BOX Motion CodeTM available on feature films, DVDs and Blu-raysTM. By reaching agreements with the leaders of both the motion picture and gaming industries, D-BOX's award-winning motion technology is gradually proving itself as a new global standard in the entertainment world. D-BOX is a publicly traded company listed on the TSX Venture exchange under the symbol DBO.A. For further information please see [ www.d-box.com ]
D-BOX(R) is a registered trademark and D-BOX Motion CodeTM is a trademark of D-BOX Technologies Inc. Other names are for informational purposes only and may be trademarks of their respective owners.
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